CORPORATE
ANNOUNCEMENTS
Ester proposes 12.5 pc dividend
MUMBAI: Ester Industries Ltd has informed the Bombay Stock Exchange that a final dividend of 12.50 per cent for 2003-2004 on equity shares was proposed at a board meeting on Friday, subject to necessary approval. ...
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Kodak India's new service
NEW DELHI: Kodak India has announced the launch of a `photographer-on-call-programme' whereby consumers can link up directly with photographers accredited by Kodak by dialling a toll-free number. According to a company release, the ...
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ACCOUNTING STANDARDS
IASB completes financial reporting standards package
WITH the May 24 announcement of three new international standards and three amendments to existing standards, the International Accounting Standards Board (IASB) has completed the package of international financial reporting standards, which ...
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Dr Reddy's grants stock options
HYDERABAD: Dr Reddy's Laboratories Ltd has informed the stock exchanges that it has granted 4,11,600 stock options to its employees at the meeting of the Compensation Committee of board of directors. The shares covered by such options ...
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NEW PROJECTS
Swaraj Mazda to invest Rs 160 cr for capacity expansion
COMMERCIAL vehicles manufacturer Swaraj Mazda Ltd has firmed up a plan to increase capacity by investing about Rs 160 crore over the next three to four years. The investment would increase the company's production capacity to 36,000 vehicles ...
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Era Constructions plans to raise share capital
ERA Constructions India Ltd has put up on its drawing board a proposal for increasing its share capital by Rs 15 crore to expand and diversify its operations, especially in the textile construction segment. The company is yet to zero in on ...
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Topsgrup setting up global security training academy
THE Rs 100-crore Topsgrup, security solutions provider for the Rs 1,000-crore security industry, is setting up TISA, the International Security Academy, the first of its kind training academy. The first academy would be set up in Karjat in ...
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NatSyn Flora to set up cut flower project in Sikkim
NATSYN Flora Ltd is setting up a cut flower project in Sikkim for exporting temperate orchids. The Chennai-based NatSyn Flora Ltd is promoted by the Indian promoters of Natural Synergies Ltd, an export unit for cultivating tropical orchids. ...
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ALLIANCES & JOINT VENTURES
Photo-Me exits jt venture
MUMBAI: Photo-Me International Ltd has sold its holdings in Godrej Photo-Me, a joint venture between Photo-Me and Godrej Industries Ltd, to the latter. The joint venture was set up in 1993 for entering into photo-booth/photographic ...
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OUTLOOK
Tata Steel's tryst with prosperity
Strong steel years have transformed Tata Steel's balance sheet from FY02's Rs 6,793.53 crore total income and Rs 204.9 crore net profit - its bleakest showing of the last half a dozen fiscals - to FY04's Rs 10,842 crore income and Rs 1746.22 ...
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BEML gears up to make metro rail coaches — MoU with S. Korean co soon
EXPECTING a huge demand for metro rail coaches in the next few years, Bharat Earth Movers Ltd (BEML) will join hands with Rotem of South Korea to manufacture world-class stainless steel air-conditioned metro coaches in India for the first ...
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